Judd Bagley is the Vice President of Marketing at Everise. Prior to his position at Everise, Judd worked as Senior Director of Communications at Netki, Evernym, InsideSales.com and also served as the former Director of Communications at Overstock.com. Prior to that, as Director of Public Relations for Summit Group Communications, one of the largest PR firms in the state of Utah. Bagley studied biology at the University of Utah.
John Maurice O’Quinn (September 4, 1941 – October 29, 2009) was a Texas trial lawyer and founding partner of The O’Quinn Law Firm (formerly known as O’Quinn & Laminack). His firm made its business handling plaintiff’s litigation, including representing clients suing breast implant manufacturers, medical facilities, and tobacco companies. In 2009, O’Quinn, along with his passenger, died in a single car crash in Houston, Texas. There were three class-action law firms, headed by John O’Quinn, pushing back against naked short selling. O’Quinn ‘s firm was one also representing Overstock.com in the Internet retailer’s suit against short seller Rocker Partners LP and research firm Gradient Analytics.
Overstock Reminds Investors, Broker-Dealers of Trading Requirements of Series A-1 Preferred Shares
“It has come to the company’s attention that shares of Series A-1 Preferred Stock are being sold on platforms other than the alternative trading system (ATS), operated by tZERO ATS, LLC,” said Overstock Chief Executive Officer Jonathan Johnson. “These transfers are in violation of the transfer restrictions imposed on the Series A-1 Preferred Stock by the Certificate of Designation. Overstock is considering all options, including legal action, to stop sales of shares of Series A-1 Preferred Stock in violation of the transfer restrictions.”
Read full release.
Comment: The naked short sellers are boxed in — but they are trying hard to dupe naive investors and inattentive pension fund managers into accepting alternatives that are counterfeit — compounding their previous fraud with new fraud. There are probably 30 million counterfeit shares out there, if not more. If the SEC were honest, which it is not, it would be all over this as a pilot project to rapidly nail every naked short seller of Overstock now active.
Overstock Distributes Digital Dividend to Shareholders as Scheduled
Overstock Stock Is Flying Higher After a Digital Dividend Distribution
Comment: If you have not received your digital dividend — and if your broker is offering you an IOU or market value credit — you are being cheated. Please email me at robert.david.steele.vivas AT gmail DOT com to be put in touch with the legal team that is accumulating evidence against the naked short sellers who have been cheating the public in specific relation to Overstock all these years.
Overstock Fights Wall Street Over Dividend Amid 400% Rally
Robert Schmidt and Ben Bain
Bloomberg, 18 May 2020
If Overstock’s dividend plan proves successful, the implications for U.S. markets could be significant. More companies may decide to dabble in digital assets or add restrictions to their shares, especially if they find that doing so gives them more sway over their investors. On Wall Street, brokerage firms and exchanges are loath to see the launch of any security that raises the specter of a monopoly and could cut them out of trading and listing fees.
Continue reading “Article: Overstock Fights Wall Street Over Dividend Amid 400% Rally”
Robert – Great series on NSS. You should let President Trump know that Europe is ahead of the USA. Although the Wall Street gangs recently effectively lobbied a postponement. https://www.globalcustodian.com/esma-postpones-introduction-csdrs-settlement-discipline-regime/. CSDRS settlement rules is exactly what is needed here.
Also checkout BSTX.com’s battle with the SEC for approval to launch a new more fair exchange. BSTX is 50% owned by tZero which is a keiretsu company under Overstock’s Medici Ventures arm. They are planning a modest step where they use blockchain technology to create a supplementary reporting tool for all shares in circulation daily. SIFMA and the other exchanges of course are displeased. https://www.sec.gov/comments/sr-box-2019-19/srbox201919.htm
Crying Foul In Short-Selling Land
Forbes, 9 May 2006
An issue once relegated to conspiracy theorists and boiler-room insiders is about to get its 15 minutes in the sun when the Senate Judiciary Committee takes up naked short-selling in a hearing next Wednesday.
The hearing, which was postponed a week because of scheduling (and what was said to be overwhelming media interest), will focus on a brewing controversy that has already generated lawsuits against hedge funds, broker firms and research analysts alleging market manipulation in short-selling certain thinly traded stocks.
Paywall access to article.
Naked Short Selling
Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a “failure to deliver” (“FTD”). The transaction generally remains open until the shares are acquired by the seller, or the seller’s broker settles the trade.
Continue reading “Web: Wikipedia – Naked Short Selling”